Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$113,823$113,823$162,000
Remaining term (yrs)21.421.430.0
Secondary amount$0$48,177$0
Funding fee$569$569$0
Note rate5.420%5.420%7.320%
Blended rate5.420%6.485%7.560%
1st payment$746.42$746.42$1,112.83
2nd payment$0.00$361.33$0.00
Taxes / mo$315.38$315.38$315.38
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$32.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,211.80$1,573.13$1,610.61
Cash to close$66,177$18,000$18,000